Epfo Launches a Special Drive :Mission Consolidation”One Employee-One Account” on May Day

May 2, 2016

Epfo Launches a Special Drive :Mission Consolidation”One Empployee-One Account” on May Day

A Software also Launched for Centralized Processing to Transfer and Consolidate Accounts with Ease

EPFO Greets the Human Engines of Nation – Our Labour Force on International Labour Day

Greeting workers on International Workers Day with the.
Sh. Bandaru Dattatreya, the Union Minister for Labour & Employment (Independent Charge) launched a special Mission consolidation drive “One Employee-One EPF Account” for members of the EPFO.

Sh. Bandaru Dattatreya, on the occasion stated that in the recent past, EPFO has taken several IT based initiatives to provide convenient and efficient services to its stakeholders. The initiative of launching the Mission consolidation “One Member One EPF Account” is a step towards encouraging EPF members to access enhanced IT enabled services through UAN accounts that are linked with Aadhaar.

Sh. Dattatreya also informed this drive, would result in EPF members having just one EPF account and multiple conveniences. The Universal Account Number that is Aadhar seeded will consolidate multiple past service accounts, across various spells of employment during working life of an EPF member.

Sh. Shankar Aggarwal, Secretary (Labour & Employment) elaborated that the EPF member would be requested to provide all his earlier EPF accounts along with his UAN linked account, Member ID and registered Mobile Number. And EPFO would facilitate the transfer of all these accounts into his present account. Instructions have been issued to establishments that in case any new employee joins an establishment, they may furnish, UAN, if any, allotted to the member earlier, or declare that s/he is becoming a PF member for the first time.

Dr. V.P. Joy, Central Provident Fund Commissioner added that the success of this drive would reduce not only the burden of members but would also result in ease of work for EPF employees. Similar to other IT initiatives taken by EPFO that have brought transparency and efficiency in the working of EPFO, the success of this drive would further strengthen the bond between EPFO and EPF members. By the end of April 2016, UAN has been issued to some 67716584 members

To educate workers and strengthen the cause of social security, EPFO today launches a special drive to encourage EPF members to consolidate their multiple accounts. The members whose accounts are scattered face many inconveniences such as approaching multiple employers located at multiple locations for settlement of claims. They also face the inconvenience of keeping record of multiple scheme certificates issued in the process. To know about the updated EPF balances, they need to approach multiple offices. With consolidation, a member can have complete control of his EPF account apart from accessing variety of IT enabled services such as email/sms alerts, access to e-pass book etc.

EPFO has been advising members to link all their PF account numbers with the UAN and to also seed KYC data against their UAN number. Aadhaar has been uploaded against 1.30 crore UAN, out of which 1.03 crore Aadhaar have been digitally authenticated by the establishments. The establishments are advised to upload and then digitally authenticate the KYC information. KYC primarily means Aadhaar, PAN and Bank Account. With the enactment of Aadhaar Act, 2016 (26th March 2016), EPFO is now seeking to make Aadhaar, the primary identifier. Members having Aadhaar seeded UAN, saves the inconvenience of claims forms attestation by the employers.

Explaining the benefits of integration of members’ multiple PF accounts Dr. Joy said that consolidated accounts enable continuance of lifelong PF membership, and allow PF, pension and insurance benefits on combined service. Today, large number of members are unaware of Pension benefits that can come through consolidation, defeating the very soul of the EPF legislation. EPFO therefore seeks to encourage members to continue their PF membership by offering increasingly better services and ease of convenience. Larger aim is to help members to upgrade their quantum and variety of benefits being offered by EPFO.

In order to boost the process of seeding the Universal Account Number (UAN) with KYC, an “Incentive Scheme” has been launched for the employers. Under this scheme a claim refund of upto 10% of administrative charges payable to EPFO can be claimed upon completing specified tasks (furnishing member information and digitally authenticated KYC details). The Scheme shall be in operation for one year, beginning 1st January 2016 to 31st December, 2016

This drive will run for one year. During this drive following actions will be taken by EPFO:

· Run a Publicity campaign at regular intervals in Print, electronic and digital media

· A software has been launched today for centralized processing that will transfer and consolidate accounts with ease.

Features of the software are:

· A member has to provide his current activated UAN along with the current member ID & Mobile number registered at UAN Member portal.

· On validating these credentials, EPFO will facilitate the member to register his/her as many as 10 earlier EPF accounts.

· The earlier PF member IDs provided by members will be forwarded to EPFO field office to which earlier member ID pertains. The information provided to field offices will also include current member ID & Mobile number of the member, so that the members can be contacted and facilitated to consolidate his previous EPF Accounts to the Current EPF Account.

· Wide publicity will be given to make use of “Inoperative Help Desk” that helps an EPF member to integrate/ settle such accounts.

· An electronic de-duplication process to be carried out by EPFO.

· “EPFO-E-samkisha” software that is launched to be used for monitoring and implementation of the programmme.

Features of E samiksha software are:

· EPFO e-Samiksha is a real time, online system for follow-up action on the decisions taken.

· The follow up action will be required to be updated by the offices continuously and the status can be viewed centrally.

· Business divisions and the field offices can securely access the system through a log-in/password.

· This system can also be configured to review the follow up actions in respect of other meetings, if require.